Accounting is becoming a global business language. Provide some evidence of this assertion. What are some of the implications of this trend?© BrainMass Inc. brainmass.com June 4, 2020, 2:51 am ad1c9bdddf
This question implies that it was not global before and is now becoming global. Accounting has been a way to summarize and report business transactions as far back as merchants were able to sell goods and long before America was even founded! The scribes in Roman times were the accountants of their era and were in positions of high importance because they knew so many facts about the kingdom (Stone, 1969).
Now, modern generally accepted accounting principles (GAAP), a function of the industrial revolution and needed to provide useable information to support ...
Your tutorial is 281 words and 3 references. and gives some history on accounting and discusses the converging of international and us gaap.